Echo Park Dream Center could sleep 900 people by Spring '13

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The future of five more floors of Dream Center housing rests on a $50 million federal grant.

The Dream Center complex -- a home to emancipated minors, victims of human trafficking, and others -- is preparing to expand housing accomodations in Echo Park.

Money to renovate and convert five former hospital floors into additional housing comes from the New Markets Tax Credit grant. The federal program is funded by investors who receive tax credits for their contributions.

The facility, the former Queen of Angels Hospital, is currently home to 650 people, and the program hopes to have 900 residents by spring at that location.

The L.A. Times reports that $25 million previously went to converting nine of the 14 floors into housing.